DEUTZ AG's AGM Validates Strategic Direction and Welcomes New CEO for Green Segment

DEUTZ AG hosted its virtual Annual General Meeting in Cologne on May 8, 2024, where shareholders endorsed the actions of both Board of Management and Supervisory Board, supporting all management proposals. The meeting also saw the approval of a dividend increase to €0.17 per share for the fiscal year 2023.

The company introduced Bert van Hasselt as the Green segment's first CEO, focusing on alternative drive development. This move follows DEUTZ’s broader strategic realignment towards sustainable drive technologies and enhancing its service business worldwide. Under the recently introduced Dual+ strategy, the company emphasizes cleaner internal combustion engines, market-aligned green technologies, and global service extension.

Both the company's CEO Dr. Sebastian C. Schulte and the Chairman of the Supervisory Board, Dr. Dietmar Voggenreiter, expressed their satisfaction with the performance and strategic advancements of 2023, indicating robust beginnings for 2024 despite challenging economic conditions. The new strategy aims to make the company more resilient and profitable, shifting from traditional manufacturing to a focus on sustainable technologies.